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Thread: U.S. National Debt Tops Debt Limit

  1. #51
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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by Erod View Post
    U.S. National Debt Tops Debt Limit - Political Hotsheet - CBS News

    Does this not just shake you to your core?

    It shook me to the core when we spent 3 trillion of that debt on optional wars.

    How in the world are we going to fix this?
    Stop our optional wars.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by Catawba View Post
    Stop our optional wars.
    Let's wait until they become necessary wars and kill a half-million Americans rather than a few thousand.

    Wait, haven't we already been down that road?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by apdst View Post
    Let's wait until they become necessary wars and kill a half-million Americans rather than a few thousand.

    Wait, haven't we already been down that road?
    Fear by some in the most powerful country on the planet has always astounded me. Especially from a rag tag band of outlaws that have not planes or ships and use homemade bombs!

    Our wars have accomplished nothing but increasing the numbers of terrorists worldwide. Does that make you feel more secure?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by obvious Child View Post
    How is feeding a deflationary economy more deflation going to help it?



    Well, they wouldn't stand for a deflationary economy. Why invest now at price x when I can invest at price Y which is $10 cheaper? Deflation is just as bad, if not worse then inflation for economic growth.
    What deflation, when did this occur exactly?

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    Re: U.S. National Debt Tops Debt Limit

    This never happened, and your links do not suggest anything of the sort. The truth is, we skipped right over deflation, and are now headed for massive inflation.

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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by Jackboot View Post
    This never happened, and your links do not suggest anything of the sort. The truth is, we skipped right over deflation, and are now headed for massive inflation.
    Did you read them? Several of them directly cite statistics showing declines in prices. How is that not deflation?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by obvious Child View Post
    Did you read them? Several of them directly cite statistics showing declines in prices. How is that not deflation?
    Having a sale in a time of recession, does not deflation make.

    In times like these, you should be lucky to have a wal-mart in your neighborhood.

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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by Jackboot View Post
    Having a sale in a time of recession, does not deflation make.
    But when overall asset values are declining, that does suggest deflation.

    The evidence supports Wang's interpretation. Wang's inflation analysis, by category: commodity prices (flat or declining), stock prices (flat or modest increase), asset prices (housing, commercial real estate, business assets declining), median incomes/wages (flat or declining), and business pricing power (none or very little). Wang's conclusion: a bias toward disinflation (lower inflation) or deflation (actual price declines).
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by obvious Child View Post
    But when overall asset values are declining, that does suggest deflation.
    Just out of curiosity, since this is a topic I don't know alot on, but: BBC News - US producer prices rise more than expected

    The Labor Department's Producer Price Index increased 1.8% from October, on a seasonally adjusted basis, the biggest rise in three months.

    The cost of petrol increased by 14% on the back of higher crude oil prices.

    The data will increase inflation concerns, but US interest rates are expected to remain on hold this week.
    How does this figure into what you are saying?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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